TD Asset Management Inc Purchases 14,150 Shares of Blackstone Inc. $BX

TD Asset Management Inc increased its position in shares of Blackstone Inc. (NYSE:BX) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 285,482 shares of the asset manager’s stock after buying an additional 14,150 shares during the quarter. TD Asset Management Inc’s holdings in Blackstone were worth $44,004,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. REAP Financial Group LLC bought a new position in shares of Blackstone during the third quarter worth about $26,000. Family CFO Inc bought a new position in shares of Blackstone during the fourth quarter worth about $28,000. Ares Financial Consulting LLC bought a new position in Blackstone in the fourth quarter valued at approximately $28,000. Richardson Financial Services Inc. bought a new position in Blackstone in the fourth quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in Blackstone in the third quarter valued at approximately $30,000. 70.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Jefferies Financial Group raised their price target on Blackstone from $143.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. BMO Capital Markets raised their price target on Blackstone from $126.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Piper Sandler raised their price target on Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Barclays decreased their price target on Blackstone from $126.00 to $124.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, Morgan Stanley decreased their price target on Blackstone from $215.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $151.05.

Blackstone Stock Performance

NYSE:BX opened at $115.40 on Friday. The stock has a market cap of $85.73 billion, a P/E ratio of 29.51, a PEG ratio of 1.25 and a beta of 1.59. The stock has a 50 day simple moving average of $119.22 and a 200 day simple moving average of $131.72. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66. Blackstone Inc. has a 1-year low of $101.73 and a 1-year high of $190.09.

Blackstone (NYSE:BX) last released its quarterly earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.02. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $1.11 EPS. Research analysts anticipate that Blackstone Inc. will post 5.9 earnings per share for the current year.

Blackstone Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, May 4th. Blackstone’s dividend payout ratio (DPR) is presently 118.67%.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone-backed AirTrunk plans to invest $30 billion in India digital infrastructure, highlighting continued growth opportunities in Blackstone’s portfolio and exposure to AI/data-center demand. Blackstone-backed AirTrunk to invest $30B in India digital infrastructure
• Positive Sentiment: Blackstone also remains active on the capital-deployment side, with a new partnership with Nippon Life and the successful IPO of Liftoff Mobile adding to the firm’s deal-making momentum. Blackstone’s Liftoff IPO And Nippon Life Deal Reshape BX Outlook
• Positive Sentiment: The stock also appeared to rebound sharply after an earlier selloff, as some investors viewed the withdrawal cap as a sign of private-credit demand pressures rather than a direct fundamental hit to earnings. Why is Blackstone stock gaining despite a withdrawal cap on its flagship fund?
• Neutral Sentiment: Peer-related headlines from other alternative-asset managers and broader private-credit redemption concerns are adding sector-wide volatility, but they do not directly change Blackstone’s reported quarterly earnings outlook. Alternative Managers Shares Slip as Cliffwater Redemption Fears Mount
• Negative Sentiment: Blackstone’s decision to limit redemptions at Blackstone Private Credit Fund is the main overhang, as it signals heavier-than-expected withdrawal demand and raises questions about liquidity across private markets. Investors Seek to Pull 10% from Blackstone’s Giant Private-Credit Fund
• Negative Sentiment: Multiple reports that redemption requests surged and that Blackstone capped withdrawals reinforced investor concern about private-credit and private-equity fund liquidity, which has weighed on BX sentiment. Redemption requests rise at Blackstone, Partners Group as private markets strain

Insider Buying and Selling at Blackstone

In other news, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average cost of $26.15 per share, with a total value of $75,000,004.35. Following the acquisition, the insider owned 18,628,295 shares in the company, valued at approximately $487,129,914.25. This trade represents a 18.20% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of Blackstone stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the sale, the insider directly owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. The trade was a 99.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 12,355,303 shares of company stock worth $264,789,896 in the last 90 days. Company insiders own 1.00% of the company’s stock.

About Blackstone

Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.